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20121205
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, you are, i think, correct in the second piece of the fiscal cliff. that is the tax rates that will apply next year. arguably, you don't have to take action this year, you have the whole of next year during which you can reach resolution to that issue. now, the only reason why i think that's an extraordinarily bad idea is i think it would be viewed quite unfavorably by the financial markets. and so you could see a reaction. and it is really bad tax policy to be legislating in the middle of the tax year on the basic structure of the income tax for that year. >> host: we'll go to jeff in tampa, florida, independent caller. >> caller: good morning, how you doing? >> host: good morning, sir. >> caller: yes, i have a question for mr. buckley, and this is more -- it may be a little generic, but something that a couple of my friends and i have talked about and just trying a basic understanding of. instead of having an income tax, has there ever been any discussion about having a national or a federal sales tax to help offset so this way everyone from the rich to the poor, everyon
. that's a different movie. [laughter] >> senator, the fiscal cliff, abc wrote about the republican doomsday scenario, and that was that you vote for the senate bill, extending the bush tax cuts for 98% of the people and say to the president that's it, no more, come back on the debt ceiling. the "new york times" wrote about that as a fallback position. could you support that? >> well, first of all, i don't want to feed into the doomsday stuff. i'm confident there are enough people, the majority of people in the town that understand what we are playing with here, playing chicken with is the most important country in the world, and, you know, with are on the verge of doing significant, and, perhaps, lasting damage to the enormous and extraordinary country we inherited. nobody wants that to be a part of the public service legacy. that being said, before we talk about fiscal cliffs, remember, we are here because of the last fiscal cliff. since we had another fiscal cliff type scenario with the debt limit that credited the scenario that led to this, and this idea i voted against that, pu
Search Results 0 to 1 of about 2